Tesla May Buy GM Plant to Boost Production, CEO Elon Musk Says

Tesla Chief Executive Officer Elon Musk told CBS’s”60 Minutes” that he may be willing to purchase a number of those five factories General Motors Co. will idle following season, which makes him the next rival in two weeks to step up with potential job-creating moves as GM takes political heat for cutting edge employees.

Musk created the statements in an interview with Leslie Stahl which will air Sunday. CBS released excerpts Friday.

GM CEO Mary Barra was in Washington the past two days meeting with members of Congress about her plans to close five factories in North America and lay off 14,700 employees. She is under pressure to keep a few of those facilities opened.

While Barra was talking with legislators on Thursday, Fiat Chrysler Automobiles NV said it will reopen one of its idle engine plant in Detroit and construct a brand new Jeep, intensifying the irritation in Congress over GM’s plan to cut jobs.

Tesla creates the all-electric Model S, Model X, also Model 3 at its sole auto plant in California, that it bought from a joint venture operated by GM and Toyota Motor Corp..

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